Should You Sign as a Loan Guarantor?
Have you thought about what guarantor loans really involve? To be honest, these loans are simple but to those who know very little about them, they can be very complicated and confusing. There are many who sign as a guarantor on a loan but don’t actually know what it involves and when something goes wrong, they are the ones who are left repaying the loan back. Being a guarantor involves you taking over the payments should the primary on the loan (the borrower) fail to make payments. That can be a struggle for most so it’s important you full understand what it takes to become a guarantor. So, should you sign as a loan guarantor?